Planning and decision making of manager
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Transcript of Planning and decision making of manager
PLANNING AND DECISION MAKING OF
MANAGER
PLANNING
“Planning is deciding in advance what is to be done”- Newman
NATURE OF PLANNING
Primacy of planning
A continuous
process
For all managerial
function
WHY DO MANAGERS NEED PLAN?
To set directions
To get everyone
in the same page
To simplify decision making
TYPES OF GOALS
LEVEL
AREATIME FRAME
KINDS OF PLAN
Strategic plan
TACTICAL PLAN
OPERATIONAL PLAN
TIME FRAME FOR PLANNING
LONG TERM PLAN
MID TERM PLAN
SHORT TERM PLAN
REPONSIBILITIES FOR PLANING
1.PLANNING STAFF
3.BOARDOF DIRECTORS
2.PLANNING TASK FORCE
CONTINGENC
YPLANN
ING
CRISIS
MANAGEMENT
DECISION MAKING
Decision making is the process of choosing the best option from a set of alternative.
TYPES OF DECISIONS
• PROGRAMMED DECISION• NON PROGRAMMED DECISION
DECISION MAKING CONDITIONS
7 STEPS IN RATIONAL DECISION MAKING